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S&P 500 shot up 1.8% and the main measure of Wall Street’s health topped its prior all-time high set a few months agoThe US stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased.The S&P 500 shot up 1.8%, and the main measure of Wall Street’s […]
US stock market hits record highs as AI profits pile and oil prices ease Read More »
Cheerleading by the president, who made $1.2bn last year off uninsured currency, does not bode well for US economyThe scale of the graft is decidedly off the charts, but the revelation that Donald Trump raked in a personal fortune of $2.2bn during his first year in office should come as no surprise. The president didn’t
Up to 4,000 community banks fear looming legislation to regulate digital cash will deprive rural firms and farmers of $850bn-worth of loansOn a quiet summer morning, above a small mid-western town, an American flag is waving in the breeze. The camera cuts to a father helping his son at the wheel of a tractor, and
‘Crypto v community’: 4,000 local US lenders join forces to fight ‘stablecoins’ law Read More »
The writer who coined the word ‘enshittification’ tells us why AI will never deliver what it promises – and why it still appeals so much to those in powerA “centaur”, in automation theory, is a person assisted by a machine, and a “reverse centaur”, hero of Cory Doctorow’s new book, The Reverse Centaur’s Guide to
They’re about to get more AI rammed down their throats, stuck into their pension plans and investment portfoliosAmericans are growing worried about what artificial intelligence portends for their futures. Eight in 10 Americans report concern over AI, compared with a third who report being excited, according to a recent Quinnipiac poll. More than half think
After SpaceX’s huge IPO, Americans’ financial future will be bound to AI Read More »
Nor is the dreamy promise that this tech will unlock boundless potential and productivityEverything we hear about artificial intelligence is conflicting, and hearing about it feels inescapable. AI is terrible. AI is wonderful. It will break the world. It will transform the future. It’s essential to embrace it. It’s a moral imperative to abstain from
Drivers face dilemma of driving more or cutting back – and support from ride-share giants decried as ‘slap in the face’Drivers for Uber and Lyft across the US are spending hundreds more dollars on fuel each month after the US-Israel war on Iran triggered a sharp rise in oil prices.Support offered by the ride-hailing companies
‘I don’t want to waste the gas’: Uber and Lyft drivers reeling as fuel prices soar Read More »
Scenario posted on Substack envisages a near-future in which autonomous systems upend the entire US economyUS stock markets have been hit by a further wave of AI jitters, this time from yet another viral – and completely speculative – warning about the impact of the technology on the world’s largest economy.The latest foreboding is from
‘A feedback loop with no brake’: how an AI doomsday report has rattled markets Read More »
Amid talk of artificial intelligence taking our jobs, the big unasked question is: how will we be fed?How will we be fed? That’s the biggest question not seriously being addressed amid all this talk about whether or not artificial intelligence will end up taking over all of our jobs.Formidable though the technology appears, similar fears
If AI makes human labor obsolete, who decides who gets to eat? Read More »
GDP grew 1.4% last quarter, down from economists’ forecast of 3%, though AI and tax cuts could boost growth this yearBusiness live – latest updatesUS economic growth slowed more than expected in the fourth quarter amid disruptions from last year’s government shutdown and a moderation in consumer spending, but tax cuts and investment in artificial
US economic growth slowed in fourth quarter of 2025 amid government shutdown Read More »
